You deserve to fulfil all your wishes, stress-free.

Opt for Baroda Current Account for LIC/Other Insurance Companies and get multiple benefits.

Baroda Current Account for LIC/Other Insurance Companies

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  • Benefits
  • Features
  • Eligibility
  • Interest rates & charges
  • Documentation
  • Terms & Conditions

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  • Eligibility: life and general insurance companies
  • Minimum balance: Nil
  • Maximum balance: no limit
  • Monthly statements: free (once in a calendar month)
  • Folio charges: free (if minimum quarterly average balance maintained is Rs. 1,00,000)
  • Cheque book: free first cheque book of 50 leaves
  • Free Baroda Connect (internet banking)
  • POS/QR code facility available
  • Baroda Cash Management Service (BCMS) facility available
  • Internet payment gateway (IPG) facility available
  • Immediate credit of outstation cheques: up to Rs. 20,000 (for 6 months old A/cs with satisfactory transaction only)

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Select Current Accounts Type
  • Baroda Advantage Current Account
  • Baroda Current Account for LIC-Other Insurance Companies
  • Baroda Current Account for Other Banks
  • Baroda Premium Current Account
  • Baroda Premium Current Account Privilege
  • Baroda Small Business Current Account
  • Others

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Frequently Asked Questions (FAQs)

  • Who can open a current account?

    An individual, proprietorship and partnership firm, limited company and even a limited liability partnership can open a current account. For specific eligibility criteria on current account opening, contact the nearest branch.

  • What is the minimum balance needed for a current account?

    One of the benefits of a current account is the low minimum average quarterly balance. However, this amount varies based on the type of current account you hold. Ask your relationship manager or bank executive for more details.

  • What are the benefits of a current account?

    With a current account, you can do a large number of transactions in a single day. You also access several banking services free of charge, depending on the type of current account. This includes applying for overdraft facilities on your current account.

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